Pomona Retail Center For
656-728 Fairplex Drive Pomona, CA 91768
656-728 Fairplex Drive, Pomona, CA, 91768
$11,300,000
For Sale
$11,300,000
45,777 SF retail center with 18 units in Pomona, CA.
Property Size45,777 SF
Price / SF$246.85
Days on Market134
Property Features for 656-728 Fairplex Drive
General Information
- Standard status
- Active
- Size
- 45,777 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1961
Listing Agency
SVN Vanguard
(760) 518-8429
Listed by
Mohit Uppal · License #CalDRE #02053595
(760) 518-8429
Source
Svn
Added: Mar 6 Checked: Jul 17 at 5:22 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Vanguard
Investment Insights
Based on property information with market context.
Located at 656-728 Fairplex Drive in Pomona, CA, this commercial property features a 45,777 square foot building with 18 units. Constructed in 1961 and renovated in 2018, the property is zoned POC4YY, allowing for versatile commercial use. The property is located directly off the 71 Freeway and West Holt Ave/Valley Blvd. It sits on two signalized corners, Fairplex Dr / W. Holt Ave. and Fairplex Dr. / W. Orange Grove Ave, with street frontage on three sides. The property is located minutes from both Cal Poly Pomona and the LA County Fairgrounds, with proximity to both residential and commercial areas. The property has ample parking for tenants and visitors. The property has a diverse mix of retail and neighborhood center offerings, with potential for repositioning or redevelopment opportunities. The property has attractive, well-maintained landscaping.
Key Highlights
- Prime location directly off the 71 Freeway and West Holt Ave/Valley Blvd, with high visibility on two signalized corners.
- 45,777 SF building with 18 units, offering a diverse retail mix.
- Zoned POC4YY, providing unmatched commercial flexibility and redevelopment potential.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $988.8k | $21.60 |
| − Vacancy | −$41.6k | −$0.91 |
| EGI | $947.2k | $20.69 |
| − OpEx | −$284.1k | −$6.21 |
| NOI | $663.0k | $14.48 |
45,777 SF · lease $21.60/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.47M
$8.29M – $11.05M
NOI $663,009 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.68M
$12.84M – $17.12M
NOI $1,027,456 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - 45,777 SF retail center with 18 units in Pomona, CA.
Where is this shopping center located?
The property is located at 656-728 Fairplex Drive Pomona, CA.
What is the asking price?
The asking price for this property is $11,300,000.
What are key features of this property?
This property features: Prime location directly off the 71 Freeway and West Holt Ave/Valley Blvd, with high visibility on two signalized corners.; 45,777 SF building with 18 units, offering a diverse retail mix.; Zoned POC4YY, providing unmatched commercial flexibility and redevelopment potential.
